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Iron ore listed 39 million in depreciation expense and 51

Iron Ore Corp. reported free cash flows for 2008 of $106 million and investment in operating capital of $189 million. Iron Ore listed $39 million in depreciation expense and $51 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

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Finance Basics: Iron ore listed 39 million in depreciation expense and 51

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